BTCUSD - Sideways/Choppy Today. Price Technical Analysis #78
Market in last 24 hrs
- BTCUSD price consolidated. Both bulls and bears tried to gain control, but both failed. Market moved ~550 points, between $9.4k and $10k, just 40 short of $10k mark!
- Price at time of publishing: $9,720
- BTC’s market cap: $173 Billion
Today’s Trend analysis
Price should continue sideways trend today. Oscillators are mostly neutral. MACD is at 115. RSI is at 57 and CCI at 77, both moving lower compared to yesterday, confirming that bulls are loosing strength. To add to this, price bounced back from upper Bollinger Band.
- Choppy/Sideways today
- ‘Oscillator‘ indicators are mostly neutral, with bias towards buy side. RSI at 57
- ‘Moving average‘ indicators are indicating an uptrend. Ichimoku Cloud is neutral
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 4 hr candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
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If you find the analysis useful, please like and share our ideas with the community!
- BTCUSD price consolidated. Both bulls and bears tried to gain control, but both failed. Market moved ~550 points, between $9.4k and $10k, just 40 short of $10k mark!
- Price at time of publishing: $9,720
- BTC’s market cap: $173 Billion
Today’s Trend analysis
Price should continue sideways trend today. Oscillators are mostly neutral. MACD is at 115. RSI is at 57 and CCI at 77, both moving lower compared to yesterday, confirming that bulls are loosing strength. To add to this, price bounced back from upper Bollinger Band.
- Choppy/Sideways today
- ‘Oscillator‘ indicators are mostly neutral, with bias towards buy side. RSI at 57
- ‘Moving average‘ indicators are indicating an uptrend. Ichimoku Cloud is neutral
----------------------------------------------------------------------------------------
The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 4 hr candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community!
トレード終了: 利益確定目標に到達:
As predicted, BTCUSD price consolidated.
